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§ Private Profile · San Francisco, CA, USA
Software and APIs to collect, clean, and control customer data.
Segment has raised $286.6M across 5 funding rounds.
Key people at Segment.
Segment was founded in 2011 by Calvin French-Owen (Founder) and Ilya Volodarsky (Founder).
Segment has raised $286.6M in total across 5 funding rounds.
Segment is one place to collect customer data and send it to your tools for analytics, marketing automation, and raw data access with SQL. Implement all of your event tracking with Segment’s single API instead of wrangling a new API for every new tool or database. Segment's integrations let you send your data to hundreds of tools and databases.
Key people at Segment.
Segment, now part of Twilio, is a leading Customer Data Platform (CDP) that provides software and APIs to collect, clean, and control customer data from multiple sources in real time. It enables businesses to unify disparate customer data into a single, comprehensive view, empowering teams across marketing, product, and engineering to deliver personalized customer experiences and optimize engagement. Segment serves over 25,000 companies, processing trillions of API calls annually, and supports seamless integration with hundreds of tools and data warehouses, making it a critical infrastructure layer for data-driven organizations[1][3][6].
For an investment firm, Segment represents a prime example of a company at the intersection of big data, cloud infrastructure, and customer experience technology. Its mission centers on simplifying data collection and activation to unlock customer insights and drive business growth. The investment philosophy around such a company would focus on scalable SaaS platforms that enable digital transformation in marketing and product analytics. Key sectors include SaaS, cloud computing, marketing technology, and data infrastructure. Segment’s impact on the startup ecosystem is significant, as it lowers the barrier for startups and enterprises alike to leverage customer data effectively, accelerating innovation in personalized marketing and product development.
For a portfolio company, Segment builds a comprehensive CDP product suite including Connections (data collection and routing), Unify (identity resolution and customer profiles), and Engage (audience building and activation). It serves digital businesses needing to unify customer data from websites, apps, servers, and cloud services to solve the problem of fragmented data silos and inconsistent customer insights. Segment’s growth momentum is strong, supported by its robust API infrastructure, extensive integrations, and adoption by large enterprises and startups globally[1][2][6].
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Segment was founded in 2011 by Peter Reinhardt, Ilya Volodarsky, Calvin French-Owen, and Ian Storm Taylor, all with backgrounds in software engineering and product development. The idea emerged from the founders’ frustration with the complexity and inefficiency of collecting and managing customer event data across multiple platforms. They sought to create a unified API that would simplify event tracking and data routing for digital businesses, enabling real-time customer insights without building complex infrastructure from scratch[6].
Early traction came from the rapid adoption of their event-driven CDP model, which allowed companies to collect data once and send it anywhere, reducing engineering overhead and accelerating marketing and product analytics workflows. This pivotal moment established Segment as a foundational tool in the customer data ecosystem, leading to its acquisition by Twilio and expansion into a broader suite of data activation and AI-powered personalization tools[1][6].
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Segment rides the wave of digital transformation and data-driven customer experience personalization. The timing is critical as businesses increasingly demand unified, real-time customer data to compete in omnichannel marketing and product innovation. Market forces such as cloud adoption, AI-driven analytics, and privacy regulations favor platforms like Segment that simplify data integration while ensuring compliance.
Segment influences the broader ecosystem by setting standards for event tracking, identity resolution, and data activation. Its zero-copy architecture and extensible platform reduce data silos and empower cross-functional teams to leverage customer data effectively. This drives innovation in marketing automation, product personalization, and customer journey orchestration, making Segment a cornerstone in the modern data stack[1][3][6][7].
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Looking ahead, Segment is poised to deepen its AI capabilities for predictive analytics and real-time personalization, further integrating with Twilio’s communication APIs to enable seamless multichannel engagement. Trends such as increased demand for privacy-first data management, edge computing, and AI-driven customer insights will shape its evolution.
Segment’s influence will likely expand as more companies adopt CDPs to unify complex data environments and deliver personalized experiences at scale. Its role as a foundational data infrastructure platform positions it well to capitalize on the growing importance of customer-centric digital transformation, making it a key player to watch in the next phase of the customer data platform market[1][6][7].
Segment has raised $286.6M across 5 funding rounds. Most recently, it raised $180.0M Series D in April 2019.
Segment was founded in 2011 by Calvin French-Owen (Founder) and Ilya Volodarsky (Founder).
Segment has raised $286.6M in total across 5 funding rounds.
Segment's investors include Accel, GV, Meritech Capital Partners, Bain Capital Ventures, DFJ, Felicis Ventures, Founders Circle Capital, Great Oaks Venture Capital, Greylock, Index Ventures, Sapphire Ventures, Shasta Ventures.
